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THE Anti-Money Laundering Council (AMLC) said it will impose sanctions on organizations with lax internal controls against money laundering, including those that demonstrate shortcomings in meeting know-your-customer (KYC) rules and training standards.
THE Anti-Money Laundering Council (AMLC) said it has detected the use by foreign nationals of Filipino dummies in the retail industry to get around foreign-ownership restrictions.
THE national ID and the registration of SIM cards will help add teeth to enforcement efforts against terrorism financing, the Anti-Money Laundering Council (AMLC) said.
LEGISLATORS should expedite the passage of amendments to the Anti-Money Laundering Act of 2001 (AMLA) to ensure the Philippines avoids the “gray list” of jurisdictions deemed lax on dirty money, the Anti-Money Laundering Council (AMLC) said.
MANILA — The Philippines’ anti-money laundering agency on Monday said it would conduct a “swift and thorough” investigation into scandal-hit German payment firm Wirecard AG and that it has drawn up an initial list of people and entities of interest.
Philippine regulators are investigating Wirecard AG’s local partner businesses which could establish the full extent of the country’s exposure to one of Europe’s worst accounting scandals, the Financial Times (FT) reports.
THE ANTI-MONEY Laundering Council (AMLC) inked deal with the Philippine Amusement and Gaming Corp. (PAGCOR) to tighten their cooperation for its feedback mechanism amid money laundering and terrorism financing risks that come amid the rise in internet-based casinos, casino junkets, as well as Philippine Offshore Gaming Operators (POGOs).
THE ANTI-MONEY Laundering Council (AMLC) has been granted its court petition to forfeit over P23 million worth of bank deposits linked to drug trafficking.
DAVAO CITY — The Anti Money Laundering Council (AMLC) has frozen a total of P1.4 billion in illegal drug-related assets from 2017-2018, almost four times the P365 million held from 2013 to 2016.
THE ANTI-MONEY Laundering Council (AMLC) has given non-bank financial firms more time to comply with requirements to get aboard its online submission portal.
Fund managers, jewelry dealers, lawyers and accountants will soon have to register with the Anti-Money Laundering Council (AMLC) and submit client data, as the...
The Anti-Money Laundering Council (AMLC) will spearhead the crafting of a national policy to combat dirty money and terrorist financing over the next two...
LAWYERS and former lawmakers filed a motion before the Office of the President on Friday to “bodily or physically remove” from office Overall Deputy...
By Melissa Luz T. Lopez, Senior Reporter THE ANTI-MONEY Laundering Council (AMLC) is looking to enhance its investigative powers by employing a system to assess...
DHAKA -- Bangladesh’s central bank was to send a team of officials to the Philippines on Tuesday to push for the recovery of more...